DAVID L. LAMP - 08 Dec 2021 Form 4 Insider Report for CVR ENERGY INC (CVI)

Role
President and CEO, Director
Signature
/s/ David L. Lamp
Issuer symbol
CVI
Transactions as of
08 Dec 2021
Net transactions value
-$903,512
Form type
4
Filing time
10 Dec 2021, 15:18:03 UTC
Next filing
15 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVI Common Stock Options Exercise $0 +10,912 $0.000000 10,912 08 Dec 2021 Direct F1, F2
transaction CVI Common Stock Disposed to Issuer $177,211 -10,912 -100% $16.24 0 08 Dec 2021 Direct F1, F3
transaction CVI Common Stock Options Exercise $0 +44,723 $0.000000 44,723 08 Dec 2021 Direct F2, F4
transaction CVI Common Stock Disposed to Issuer $726,302 -44,723 -100% $16.24 0 08 Dec 2021 Direct F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CVI Incentive Units Options Exercise $0 -10,912 -50% $0.000000 10,912 08 Dec 2021 Common Stock 10,912 Direct F1, F2, F5
transaction CVI Incentive Units Options Exercise $0 -44,723 -33% $0.000000 89,445 08 Dec 2021 Common Stock 44,723 Direct F2, F4, F5
transaction CVI Incentive Units Award $0 +72,533 $0.000000 72,533 08 Dec 2021 Common Stock 72,533 Direct F2, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Incentive Units were awarded to the reporting person by CVR Energy, Inc. as compensation for services as an officer on December 13, 2019. These Incentive Units vest ratably in annual installments in December of each of the three years following the grant date, subject to the terms and conditions of the award agreement.
F2 Each Incentive Unit reported herein represents the right to receive upon vesting, a cash payment equal to the average closing price of a share of CVR Energy, Inc. common stock for the 10 trading days preceding the vest date.
F3 This price represents the average closing price of a share of CVR Energy, Inc. common stock for the 10 trading days preceding the vest date.
F4 The Incentive Units were awarded to the reporting person by CVR Energy, Inc. as compensation for services as an officer on December 9, 2020. These Incentive Units vest ratably in annual installments in December of each of the three years following the grant date, subject to the terms and conditions of the award agreement.
F5 The Incentive Units expire immediately upon vest.
F6 The Incentive Units were awarded to the reporting person by CVR Energy, Inc. as compensation for services as an officer on December 8, 2021. These Incentive Units vest ratably in annual installments in December of each of the three years following the grant date, subject to the terms and conditions of the award agreement.